The Fair Share Report

214 Surf Dr

Berkeley, NJ 07840

The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.

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Step 1 · Market value

≈ $272,435

Likely range $248,234 – $302,084, from 12 comparable Berkeley sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

52.95%

The state's official measure of how far Berkeley assessments sit below market value — republished every October, applied town-wide. A $272,435 home should be assessed near $144,254.

Step 3 · Assessed value

$343,200

Set at the last town-wide revaluation and mostly frozen since. That's $198,946 above what the ratio math suggests (137.9%).

Step 4 · The tax rate — same for every Berkeley home

$2.590 per $100 assessed

$1.213 Schools · 47% $0.582 County · 22% $0.795 Town · 31%

Step 5 · The bill

$8,889/yr

Public schools$4,163

Ocean County$1,997

Town of Berkeley$2,728

Berkeley average$5,442

This home vs. every recent Berkeley sale · assessed ÷ market

Town median 46.3%

Appeal line 60.89%

This home · 126.0%

30%144%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (60.89%) — roughly $5,153/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

Address	Sold	Price	Sq ft	Ratio
29 SHERWOOD LN	2026-02	$248,000	1,083	40.5%
1111 WATERBERRY CT SOUTH	2026-02	$299,000	1,083	35.9%
1 YORK CT	2025-12	$270,000	1,083	37.7%
14 SUTHERLAND CT	2025-01	$300,000	1,088	52.3%
31 SOUTHAMPTON RD	2026-02	$255,000	1,079	39.3%
6 STANFORD DR	2026-02	$220,000	1,091	48.5%
11 SHERWOOD CT	2025-10	$280,000	1,067	37.8%
1086 EDGEBROOK DR SOUTH	2026-03	$310,000	1,083	32.3%
34 CAMBRIDGE CT	2025-12	$284,900	1,083	37.1%
1074 EDGEBROOK DR SOUTH	2026-04	$255,000	1,074	39.3%
1101 WATERBERRY CT SOUTH	2025-10	$309,900	1,105	37.4%
14 ST PIERRI CT	2026-03	$295,000	1,092	34.9%

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